Gold rate today: Yellow metal tops 2 week high, silver zooms 2% to hit Rs 64,000 on MCX.
Gold prices moved higher to hit a two-week high on Thursday supported by a weaker dollar after US Federal Reserve Chair Jerome Powell’s speech signalled a slowdown in rate hikes.
Powell said that it was time to slow the pace of coming interest rate hikes while also signalling a protracted economic adjustment to a world where borrowing costs will remain high and inflation comes down slowly.
